Invest In EU News

  • EU Commission approves acquisition of Phadia by Thermo Fisher

    Brussels, 19 August - The European Commission has cleared under the EU Merger Regulation the proposed acquisition of CB Diagnostics Holding AB, the holding company of Phadia Holding AB ("Phadia", Sweden), by Thermo Fisher Scientific Inc. (“Thermo Fisher”, US). The Commission concluded that the transaction would not raise competition concerns, because the parties are not close competitors and the merged entity would be constrained by sufficient number of third party competitors active in in vitro autoimmune diseases diagnostics.

  • EU Commission clears acquisition of the specialty chemicals company ISP by Ashland

    Brussels, 16 August 2011 - The European Commission has cleared under the EU Merger Regulation the proposed acquisition of the US-based speciality chemicals company International Specialty Products ("ISP") by another American company Ashland. The Commission concluded that the transaction would not raise competition concerns because the companies' activities are largely complementary and the transaction would not significantly modify the structure of the market.

  • India’s NIIT Technologies acquires Spain’s Proyecta Sistemas

    NIIT Technologies Limited, a global IT solutions organization, announced the acquisition of Proyecta Sistemas de Informacion S.A. (Proyecta), a software Services Company headquartered in Madrid.

    The acquisition enables NIIT Technologies to enhance its European footprint with Proyecta’s successful experience in servicing industry leaders in the Travel and Financial Services segments.
     

  • Cargill makes binding offer to acquire Provimi

    Cargill has made a binding offer to acquire Provimi, the global animal nutrition company, for an enterprise value of €1.5 billion from Permira funds, the private equity firm which owns Provimi.

    Provimi has agreed, on an exclusive basis, to commence the necessary Works Council consultations and appropriate regulatory approvals.

  • World Humanitarian Day: Europe's support to humanitarian work

    There are more than half a million aid workers in the world today, counting both relief and development personnel. The last detailed assessment of the sector, carried out in 2008, placed the number of humanitarians at 595,000 (including international and national employees of UN humanitarian agencies, international non-governmental organisations and the International Red Cross and Red Crescent family).  

    Space for helping humanity

  • Construction output down by 1.8% in euro area, Down by 1.3% in the EU27

    In the construction sector, seasonally adjusted production fell by 1.8% in the euro area2 (EA17) and by 1.3% in the EU272 in June 2011, compared with the previous month. In May3, production increased by 0.1% in the euro area and remained stable in the EU27.

    Compared with June 2010, output in June 2011 dropped by 11.3% in the euro area and by 8.1% in the EU27.

    These first estimates are released by Eurostat, the statistical office of the European Union.

    Figures and graphics available in PDF and WORD PROCESSED

    Monthly comparison

  • Aegis Group plc purchases Austrian-based digital creative agency, Pjure

    Aegis Group plc, one of the world's leading marketing communications and market research groups, Tuesday announced that it has acquired pjure, an Austrian-based digital creative agency.

    With its roots in online advertising and e-dialogue marketing, established in 2000, pjure has since grown rapidly. Today pjure is one of the top flight Austrian digital creative agencies, successfully operating in the fields of digital marketing; dialogue/direct marketing and creative services.

  • €1.4 million from EU Globalisation Fund to help 680 workers in Portugal's shoe industry

    Brussels, 17 August 2011 - The European Commission has approved an application from Portugal for assistance from the EU Globalisation Adjustment Fund (EGF). The grant of € 1.4 million will help 680 redundant workers in shoe manufacturing to find new jobs. The Commission is making a proposal to the European Parliament and the Council of the European Union to mobilise the budgetary resources.

  • New Commission support to improve living conditions and create jobs in Egypt

    Brussels, 17 August 2011 - The European Commission has today approved €100 million for Egypt, to help improve living conditions for the poor in Cairo, create more jobs, and make sustainable energy more widely available. The new support will improve environmental conditions in the area by financing initiatives for waste collection, recycling of solid waste, solar energy systems for health clinics and waste water disposal.

  • Commission announces new support for education and renewable energy in Jordan

    Brussels, 17 August 2011 - A new €71 million assistance package allocated today for Jordan will provide critical support to education, renewable energy and the implementation of the country's European Neighbourhood Policy Action Plan.

  • EU bolsters support for justice and governance in Lebanon

    Brussels, 17 August 2011 - European Union funding, allocated today, will help to reform the Lebanese justice system by implementing new training for clerks and opening up a national debate on the independence of the judiciary system by giving the Lebanese people chance to make their views heard in conferences and seminars.

  • Flash estimate for the second quarter of 2011 Euro area and EU27 GDP up by 0.2% +1.7% in both zones compared with the second quarter of 2010

    GDP increased by 0.2% in both the euro area1 (EA17) and the EU271 during the second quarter of 2011, compared with the previous quarter, according to flash estimates published by Eurostat, the statistical office of the European Union. In the first quarter of 2011, growth rates were +0.8% in both zones.

    Compared with the same quarter of the previous year, seasonally adjusted GDP increased by 1.7% in both zones in the second quarter of 2011, after +2.5% in both zones in the previous quarter.

  • June 2011 Euro area external trade surplus 0.9 bn euro 12.2 bn euro deficit for EU27

    The first estimate for euro area1 (EA17) trade with the rest of the world in June 2011 gave a 0.9 bn euro surplus, compared with +0.7 bn euro in June 2010. The May 20112 balance was +0.2 bn, compared with -4.9 bn in May 2010. In June 2011 compared with May 2011, seasonally adjusted exports fell by 4.7% and imports by 4.1%.

  • MGPA acquires a landmark high street retail property in Copenhagen

    MGPA, the independent private equity real estate investment advisory company, on behalf of MGPA Europe Fund III (the Fund), announced Tuesday the acquisition of a landmark high street retail property in central Copenhagen.

    The acquisition is a joint venture with Partners Group and a Canadian institutional investor, where the Fund holds a majority stake and controlling interest. The purchase price was in the region of €220 million and Senior Debt was provided by SEB.

  • European Airline Orders Four Bombardier Q400 NextGen Turboprops

    TORONTO, ONTARIO--(Marketwire - August 17, 2011) - Bombardier Aerospace announced today that a European airline, which has requested to remain unidentified at the present time, has signed a firm order for four Q400 NextGen high-speed turboprop airliners. The transaction includes options on an additional four Q400 NextGen aircraft.

    Based on the Q400 NextGen aircraft list price, the firm order is valued at approximately $126 million US.

  • Van Leeuwen Pipe acquires Teuling Staal B.V.

    The Van Leeuwen Pipe and Tube Group has acquired Teuling Staal B.V. Teuling Staal, situated in Barendrecht, is a specialist in the field of duplex and super duplex stainless steel materials.

    Teuling Staal, founded in 1977, is a leading supplier of duplex and super duplex stainless steel pipes, fittings, flanges and special products for both the Oil and gas and Offshore industry. Teuling Staal has a wide range of products in stock from which it supplies its primarily Western European customer base.

  • Pearson acquires Germany’s Stark Holding from Syntegra Capital

    Pearson, the world’s leading learning company, announced the acquisition of Stark Holding (Stark) from Syntegra Capital.

    Stark is a leading provider of education materials including test preparation resources for pupils and teachers. The company is widely recognized for its high quality products, particularly in Maths, German and English.

  • Industrial production down by 0.7% in euro area Down by 1.2% in EU27

    In June 2011 compared with May 2011, seasonally adjusted industrial production1 fell by 0.7% in the euro area2 (EA17) and by 1.2% in the EU272. In May3 production rose by 0.2% in both zones.

    In June 2011 compared with June 2010, industrial production increased by 2.9% in the euro area and by 1.7% in the EU27.

    These estimates are released by Eurostat, the statistical office of the European Union.

    Figures and graphics available in PDF and WORD PROCESSED

    Monthly comparison

  • Commission clears British private equity company 3i Group purchase of Dutch company Action Holdings B.V.

    The European Commission has granted clearance under the EU Merger Regulation to the acquisition by British private equity company 3i Group of Dutch company Action Holdings B.V. 3i is a private equity and alternative asset management company which holds investments in various sectors of industry and services. Action is mainly active in the non-food retail sector. The operation was examined under the simplified merger review procedure.

    12 Aug 2011.

  • The EU requests WTO consultations with Canada over Ontario's renewable energy policy

    The European Union has decided to request WTO consultations with Canada regarding the renewable energy policy of one of its provinces, Ontario, which provides subsidies to producers of renewable energy provided they use domestic technology. This is in clear breach of the WTO rules that prohibit linking subsidies to the use of domestic products. Exports from the EU into Canada in wind power and photovoltaic power generation equipment are significant, ranging from 300 to 600 million € in 2007-2009.

  • Statement by the EC, ECB, and IMF on the First Review Mission to Portugal

    Staff teams from the European Commission (EC), European Central Bank (ECB), and International Monetary Fund (IMF) visited Lisbon during August 1-12 for the first regular quarterly review of the government’s economic program. The objectives of the program are to restore competitiveness and to put Portugal’s economy on the path of sustainable growth, sound public finances and job creation.

  • The European Commission proposes a new Regulation for the sustainable management of Baltic salmon

    Brussels, 12 August 2011 - The European Commission has tabled its proposal for a new Regulation of the Council and the European Parliament establishing a multiannual plan for the sustainable management of Baltic salmon.

  • European citizens making more requests for Commission documents than ever before

    Brussels, 12 August 2011 – Europe's citizens are showing an ever greater interest in Commission activities, over a growing number of policy areas. That's the conclusion of the latest annual report on public access to documents, which shows an 18% increase in the number of requests for documents in 2010.

  • Berlitz Corp. acquires France’s global provider of language services

    Berlitz Corporation Thursday announced its acquisition of Telelangue SA, a global provider of language services based in Paris, France.
     
    Telelangue specializes in distance blended-learning and offers their clients custom-made phone classes and an award-winning e-learning program, supported by an advanced learning management system. 

© Copyright 2010-16 Invest in EU All rights reserved.